Sopra Steria Group SA (ENXTPA:SOP) reached a conditional agreement to acquire 5.3% stake in Ordina N.V. (ENXTAM:ORDI) from Teslin Participaties Coöperatief U.A. managed by Teslin Capital Management BV, Mont Cervin S.à R.L., Jo Maes, Chief Executive Officer of Ordina, Chief Financing Officer of Ordina and others on October 13, 2023. Together with the Shares already acquired by the Offeror, this represents a total of 98.01% of the Outstanding Capital. As a result, the Offeror will meet the Statutory Squeeze-Out Threshold and will implement the Pre-Squeeze-Out Asset Sale and initiate Squeeze-Out Proceedings.

The last trading date of the Shares on Euronext Amsterdam will be November 14, 2023 and listing and trading of the Shares will terminate as of November 15, 2023. Settlement of the Shares tendered during the Post-Acceptance Period and payment of the Offer Price will take place on 18 October 2023. As a result of such settlement, the Offeror will hold 88,228,900 Shares, representing approximately 98.01% of the Outstanding Capital.

Consequently, the Offeror and Ordina will implement the Pre-Squeeze-Out Asset Sale and as soon as reasonably possible after completion thereof the Offeror will initiate Squeeze-Out Proceedings to buy out the remaining Shareholders. Completion of Ordina acquisition following successful public offer; launch of integration will be fully consolidated from October 2023 and delisted from Euronext Amsterdam on 15 November 2023. Governance is in place and the integration process was launched on September 26, 2023.